146 COLORADO Street
Highland Park, MI 48203
Single Family Residence · MLS # 20261050103 · Listing courtesy of HomeCraft Real Estate
About this home
Turnkey investment opportunity! This well-maintained tri-level home offers 3 bedrooms, 2,014 square feet of living space, and is already tenant-occupied, providing immediate rental income. The long-term tenant has been in place for years and would love to stay, making this an ideal addition to any investment portfolio. Built in 1913, the home has been completed updated, beautifully maintained and is in excellent condition. With spacious living areas and a functional tri-level layout, this property combines charm, stability, and strong investment potential. Whether you're looking to expand your rental portfolio or purchase a cash-flowing property with an established tenant, this is an opportunity you won't want to miss.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Highland Park
Over the last 90 days, 25 homes sold in Highland Park for a median of $60,000, about $46 per square foot, and the typical one went under contract in 27 days. This home is listed at $389,900, or $194 per square foot, 322% above the city median, and has been on the market 84 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Highland Park sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $2,774 a year. A buyer who lives here would pay about $2,407 to $12,448 a year once the taxable value resets after the sale, at the 2025 homestead rate of 63.22 mills for Highland Park City and Highland Park schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Highland Park
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